Vitals
  • Total Assets
    373.1M 13.1 %
  • Total Deposits
    263.3M 11.3 %
  • Total Net Loans
    172.8M 1.8 %
  • Net Income
    1.2M -35.0 %
  • Book Value
    27.0M -3.2 %
  • Book Value x2
    54.1M -3.2 %
  • Book Value x3
    81.1M -3.2 %
ROAA

.364

ROAE

4.076

Efficiency Ratio

88.997

Net Interest Margin

3.092

Balance Sheet Highlights
Financial Highlights Sterling State Bank All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 373,051 147,703
Total Net Loans 172,753 97,223
Total Deposits 263,258 126,600
Total Equity 27,047 15,565
Profitability
Net Income 1,217 1,683
Return on Average Assets .364 1.08
Return on Average Equity 4.076 9.905
Net Interest Margin 3.092 3.845
Efficiency Ratio 88.997 68.21
Noninterest Income/Revenue 12.66 13.68
Balance Sheet Ratios
Loan-to-Deposit 65.621 75.205
Securities/Assets .391 .174
Total Equity/Total Assets .073 .105
Tangible Equity/Tangible Assets .073 .103
Capital Adequacy
Tier 1 Common Capital 28,725 15,225
Tier 1 Capital 28,725 15,232
Tier 2 Capital 2,345 1,135
Total Capital 31,070 16,386
Total Risk Weighted Assets 186,506 105,251
Leverage Ratio 8.06 10.475
Common Equity Tier 1 Capital Ratio 15.4 15.3
Tier 1 Capital Ratio 15.4 15.308
Total Capital Ratio 16.66 16.398

Timeline for Sterling State Bank

Loan Store, Inc., The

Loan Store, Inc., The became a new subsidiary organization for Sterling State Bank.

View Profile May 05 1996

London State Bank

Acquisition: Sterling State Bank acquired a new subsidiary, London State Bank, 32 years

View Profile Dec 07 1991

Bank Of Lyle

Acquisition: Sterling State Bank acquired a new subsidiary, Bank Of Lyle, 34 years

View Profile Apr 10 1990

Sterling Financial Group, Inc.

Sterling Financial Group, Inc. became a new parent organization for Sterling State Bank.

View Profile Dec 31 1970

Sterling State Bank

Sterling State Bank was established 66 years ago and is currently headquartered in Austin, MN.

May 01 1958
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
London State Bank Seller 4,322 Discontinued 12/7/1991
Bank Of Lyle Seller 5,307 Discontinued 4/10/1990
Relationships Role Relationship Start Relationship End
Sterling Financial Group, Inc. Parent 6/30/1977
Sterling Financial Group, Inc. Parent 12/31/1970 6/29/1977
Loan Store, Inc., The Subsidary 5/5/1996 4/30/2000
Similar Organizations
Organization City State Total Assets
Lake Elmo Bank
 		Lake Elmo MN 338.9M
Southwest Capital Bank
 		Albuquerque NM 342.9M
City State Bank
 		Norwalk IA 343.8M
Farmers State Bank
 		Center TX 344.3M
Crossroads Bank
 		Wabash IN 345.4M
Homebank
 		Palmyra MO 335.2M
Charlotte State Bank & Trust
 		Port Charlotte FL 332.8M
Commercial Bank
 		Parsons KS 332.2M
Iowa State Bank
 		Clarksville IA 340.1M
Community 1St Bank
 		Auburn CA 350.6M